• EUR/USD regains traction after bottoming out near 1.0860.
  • Further recovery should initially target the mid-1.0900s.

EUR/USD reverses four consecutive sessions of losses and regains the area beyond 1.0900 the figure on Thursday.

If the rebound gathers extra steam, it could encourage the pair to dispute the interim 55-day SMA at 1.0951 prior to the weekly peak at 1.1065 (August 10). Further north from here comes the weekly high of 1.1149 (July 27). Once this region is cleared, the pair’s downside pressure is expected to mitigate.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0787.

EUR/USD daily chart


Today last price1.091
Today Daily Change57
Today Daily Change %0.28
Today daily open1.0879
Daily SMA201.0994
Daily SMA501.0973
Daily SMA1001.0931
Daily SMA2001.0785
Previous Daily High1.0934
Previous Daily Low1.0872
Previous Weekly High1.1065
Previous Weekly Low1.0929
Previous Monthly High1.1276
Previous Monthly Low1.0834
Daily Fibonacci 38.2%1.0896
Daily Fibonacci 61.8%1.091
Daily Pivot Point S11.0856
Daily Pivot Point S21.0832
Daily Pivot Point S31.0793
Daily Pivot Point R11.0919
Daily Pivot Point R21.0958
Daily Pivot Point R31.0982